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12 CFR 313.27

§ 313.27 Refunds.

United States · 12 CFR — Banks and Banking · Status: effective

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12 CFR 313.27, § 313.27 Refunds, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46300
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Full text

Amounts recovered by administrative offset but later found not to be owed to the Government shall be promptly refunded. Unless required by law or contract, such refunds shall not bear interest.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.